Insider Spends UK£50k Buying More Shares In Mobico Group

Even if it's not a huge purchase, we think it was good to see that Simon Callander, the Group General Counsel & Company Secretary of Mobico Group Plc (LON:MCG) recently shelled out UK£50k to buy stock, at UK£0.53 per share. While that isn't the hugest buy, it actually boosted their shareholding by 61%, which is good to see.

See our latest analysis for Mobico Group

The Last 12 Months Of Insider Transactions At Mobico Group

In fact, the recent purchase by Simon Callander was the biggest purchase of Mobico Group shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of UK£0.55 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Mobico Group insiders decided to buy shares at close to current prices.

Mobico Group insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around UK£0.85. These transactions suggest that insiders have considered the current price attractive. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Mobico Group

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our information indicates that Mobico Group insiders own about UK£463k worth of shares. However, it's possible that insiders might have an indirect interest through a more complex structure. It's always possible we are missing something but from our data, it looks like insider ownership is minimal.

So What Does This Data Suggest About Mobico Group Insiders?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Mobico Group insiders are expecting a bright future. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course Mobico Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.